WM Morrison Supermarkets (MRW) Earns Equal weight Rating from Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley began coverage on shares of WM Morrison Supermarkets (LON:MRW) in a research note issued on Thursday, February 7th. The firm set an “equal weight” rating on the grocer’s stock.

Other equities analysts also recently issued reports about the company. HSBC restated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of WM Morrison Supermarkets in a research note on Wednesday, November 7th. Berenberg Bank upgraded WM Morrison Supermarkets to a “buy” rating and raised their price target for the stock from GBX 250 ($3.27) to GBX 285 ($3.72) in a research note on Tuesday, February 5th. Sanford C. Bernstein raised their price target on WM Morrison Supermarkets from GBX 255 ($3.33) to GBX 280 ($3.66) and gave the stock an “outperform” rating in a research note on Tuesday, November 13th. Jefferies Financial Group lowered their target price on WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a “buy” rating on the stock in a research report on Friday, January 4th. Finally, UBS Group lowered their target price on WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 260 ($3.40).

MRW stock opened at GBX 235.80 ($3.08) on Thursday. WM Morrison Supermarkets has a 1 year low of GBX 205 ($2.68) and a 1 year high of GBX 254.40 ($3.32).

In other news, insider Andrew Higginson bought 63,560 shares of WM Morrison Supermarkets stock in a transaction dated Thursday, January 31st. The shares were purchased at an average cost of GBX 236 ($3.08) per share, with a total value of £150,001.60 ($196,003.66).

About WM Morrison Supermarkets

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

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Analyst Recommendations for WM Morrison Supermarkets (LON:MRW)

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